DLM Capital Group delivers 2nd coupon payment on AAA-rated SBCN
By Babajide Komolafe DLM Capital Group, a prominent global development investment bank has successfully fulfilled its second principal and interest (coupon) payment obligation to investors under its N9 billion Sovereign Bond-Backed Composite Notes (SBCN) issued under the Group’s N30 billion Medium-Term Notes Programme listed on FMDQ Exchange. The company stated, “The second principal and interest […]
FG set to review tariff policies to boost local production
The federal government has commenced strategic review of tariff policies to encourage local production, protect domestic industries, and ease the cost of doing business. This followed a high-level meeting with the Tariffs Review Board and the Minister of State for Finance, Dr Doris Uzoka-Anite, where existing tariff regimes were weighed against the backdrop of rising production […]
How manufacturers can benefit from new tax laws’
By Yinka Kolawole Nigerian manufacturers are set to benefit from performance-based incentives with the implementation of the Nigeria Tax Act (NTA) 2025, which took effect from January 1, 2026. Analysing the new legislation, Kehinde Folorunsho, Partner, Tax Services at Kreston Pedabo Professional Services, said the Act represents one of the most far-reaching overhauls of Nigeria’s tax […]
Heritage Bank: NDIC declares N24.3bn second liquidation dividend to uninsured depositors
By Babajide Komolafe The Nigeria Deposit Insurance Corporation, NDIC, has declared a second liquidation dividend of N24.3 billion to depositors of the defunct Heritage Bank Limited whose account balances exceeded the statutory insured limit of N5 million as at the date of the bank’s closure. The declaration followed sustained asset recovery efforts by the Corporation […]
Seme Customs records 117% revenue surge, tightens border security
By Providence Ayanfeoluwa The Nigeria Customs Service, NCS, Seme Area Command, closed 2025 with a record of 117 percent revenue surge, generating a total of N15.6 billion as against N7.2 billion it recorded in 2024. The Command achieved its highest-ever monthly revenue in December 2025 when it generated N3.63 billion. A statement made available by the […]
Banks slash loans to manufacturers, traders by N2.1trn
Loans to five sectors drop 17.5% to N16.43trn in 6mth By Babajide Komolafe At the backdrop of the challenges confronting the manufacturing sector, including structural bottlenecks, weak consumer demand and high interest rate, banks slashed loans to manufacturers and traders by N2.1 trillion in the first six months of 2025 to N10.946 trillion at the end of […]
